Market Roundup

• Reliance to start retail operations in September from Hyderabad
• Pepsi, Coke file petitions in Kerala against ban
• Essar restructures shipping, logistics business
• Dell India revenues rise 63 pc: outpaces global growth
• Bajaj Hindustan wins case against tax authorities after 26 yrs
• Consumer forum summons Anil Ambani
• DaimlerChrysler may tie-up with Indian firms for making buses
• Air Sahara to launch new flights
• Ranbaxy introduces urology drug Soliten in India
• Reliance Ind hopes for Govt compensation on sales of diesel
• 3G spectrum fee put at Rs425-cr per circle
• Swaraj Mazda asks warring promoters to go for arbitration
• Reliance Retail to stock global brands
• Siemens IT subsidiary opens center of excellence (CoE) in Kolkata

• Indo-Asean FTA talks to start again
• President signs Office of Profit Bill
• August Kranti Bhawan to be sold
• FDI inflows in Q1 FY '07' up 47 pc
• Annual inflation rises to 4.82 pc in August first week
• India ahead of China, Russia in IT

• Rupee marginally weaker
• Centurion to acquire LKB in Rs300-cr deal
• IndusInd Bank scouts for partner: to offload 5 pc stake
• ICICI Bank raises $340 mn from Tier-I hybrid bonds overseas
• State Bank of India hikes deposit rates
• Forex reserves fall by $700 m

• FMC removes regulatory arbitrage for commodities
• Dubai Financial hikes stake in Thomas Cook to 68 pc
• Global private equity player Henderson to set up India fund
• Global Broadcast News plans Rs105-cr IPO
• Angel Broking to expand
• Reliance mutual removes ceiling on equity funds
• Kinetic to raise Rs75-crore debt

• US cigarette makers stopped from misleading descriptions
• Ryanair threatens to sue British Gov't

• Sushil Roongta appointed new SAIL chairman